Q1 2022 Synlab AG Earnings Call Transcript

May 12, 2022 / 01:00PM GMT
Operator

Dear ladies and gentlemen, welcome to the SYNLAB Q1 2022 Financial Results Call. At our customer's request, this conference will be recorded.

(Operator Instructions)

Today's call will be hosted by Mathieu Floreani, CEO of SYNLAB; and Sami Badarani, CFO of SYNLAB. After the presentation, there will be an opportunity to ask questions. May I now hand you over to Mathieu Floreani, who will lead you through this conference. Please go ahead, sir.

Mathieu Floreani - SYNLAB AG - CEO

Thank you. So good morning, good afternoon to all, and welcome to our call. So we will present today our Q1 2022 results. I'm together with Sami. I'm very pleased to report today another quarter of growth and another increase in our 2022 guidance.

So let's start with our Q1 financials, the highlights on Page 5. Our revenue is up by 13%, adjusted EBITDA by 10%. And this is against the challenging comparison base we had in Q1 2021. And just as a reminder, at that time, we had reported 96% growth in Q1 '21 against the prior year.

And in this year's Q1, we

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